Cwm LLC Increases Position in DoubleVerify Holdings, Inc. (NYSE:DV)

Cwm LLC boosted its position in shares of DoubleVerify Holdings, Inc. (NYSE:DV) by 714.5% in the third quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 22,758 shares of the company’s stock after acquiring an additional 19,964 shares during the quarter. Cwm LLC’s holdings in DoubleVerify were worth $383,000 at the end of the most recent quarter.

Several other institutional investors also recently bought and sold shares of the company. Vanguard Group Inc. increased its holdings in DoubleVerify by 1.4% during the 1st quarter. Vanguard Group Inc. now owns 15,727,359 shares of the company’s stock worth $552,974,000 after purchasing an additional 216,370 shares during the period. Assenagon Asset Management S.A. purchased a new position in DoubleVerify in the second quarter worth approximately $73,268,000. Van Berkom & Associates Inc. grew its holdings in DoubleVerify by 25.9% during the 2nd quarter. Van Berkom & Associates Inc. now owns 3,046,200 shares of the company’s stock worth $59,310,000 after acquiring an additional 626,586 shares in the last quarter. Burgundy Asset Management Ltd. purchased a new stake in shares of DoubleVerify in the 2nd quarter valued at approximately $54,099,000. Finally, Geneva Capital Management LLC lifted its position in shares of DoubleVerify by 44.9% during the 1st quarter. Geneva Capital Management LLC now owns 2,746,886 shares of the company’s stock worth $96,581,000 after purchasing an additional 851,346 shares during the last quarter. 97.29% of the stock is owned by institutional investors and hedge funds.

Insider Activity

In related news, CFO Nicola T. Allais sold 1,764 shares of the firm’s stock in a transaction on Friday, September 27th. The shares were sold at an average price of $17.28, for a total transaction of $30,481.92. Following the completion of the sale, the chief financial officer now directly owns 81,598 shares of the company’s stock, valued at approximately $1,410,013.44. This trade represents a 0.00 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Insiders have sold 7,056 shares of company stock worth $124,644 over the last 90 days. Company insiders own 3.00% of the company’s stock.

Analysts Set New Price Targets

DV has been the topic of a number of analyst reports. Barclays cut their price target on DoubleVerify from $27.00 to $23.00 and set an “overweight” rating on the stock in a research note on Friday, October 11th. Stifel Nicolaus lowered their price target on DoubleVerify from $25.00 to $22.00 and set a “buy” rating for the company in a report on Monday, October 14th. Needham & Company LLC reissued a “buy” rating and set a $33.00 price objective on shares of DoubleVerify in a report on Tuesday, September 17th. The Goldman Sachs Group lowered their target price on shares of DoubleVerify from $28.00 to $25.00 and set a “buy” rating for the company in a report on Monday, October 14th. Finally, Macquarie cut their price target on DoubleVerify from $25.00 to $19.00 and set an “outperform” rating on the stock in a research report on Friday, October 11th. One equities research analyst has rated the stock with a sell rating, five have assigned a hold rating and thirteen have issued a buy rating to the company. According to MarketBeat.com, the company has a consensus rating of “Moderate Buy” and a consensus target price of $30.24.

DoubleVerify Stock Performance

Shares of DoubleVerify stock opened at $17.35 on Monday. DoubleVerify Holdings, Inc. has a twelve month low of $16.38 and a twelve month high of $43.00. The stock has a market cap of $2.98 billion, a price-to-earnings ratio of 45.66, a price-to-earnings-growth ratio of 2.21 and a beta of 0.90. The company has a fifty day moving average price of $17.98 and a 200 day moving average price of $20.82.

DoubleVerify (NYSE:DV) last issued its earnings results on Tuesday, July 30th. The company reported $0.04 earnings per share for the quarter, hitting the consensus estimate of $0.04. The company had revenue of $155.89 million during the quarter, compared to the consensus estimate of $153.78 million. DoubleVerify had a return on equity of 5.70% and a net margin of 9.97%. The company’s revenue was up 16.6% compared to the same quarter last year. During the same quarter in the prior year, the business earned $0.07 earnings per share. Analysts forecast that DoubleVerify Holdings, Inc. will post 0.3 earnings per share for the current year.

About DoubleVerify

DoubleVerify Holdings, Inc provides a software platform for digital media measurement, and data analytics in the United States and internationally. The company provides solutions to advertisers that enable advertisers to increase the effectiveness and quality and return on their digital advertising investments.